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Active Under Contract

205 College Ave, Somerville MA 02144

$2,288,000

Estimated $5,398/month Calculator

Multi Family

Total Units: 3

Price Per Unit: $762,666.67

Total Rent: 167100/year

Estimated CAP Rate:

11 Bedrooms

Baths

3280

Total Parking: 3

3,600 (0.08)

Exceptional Three-Family Investment Opportunity Directly Across from Tufts University!Ideally situated on highly desirable College Avenue, this well-maintained three-family property offers 11 bedrooms, 5 bathrooms, and an outstanding opportunity to acquire an established income-producing investment property in one of Somerville’s most sought-after rental locations.Currently generating $167,100 in annual rental income for 2026–2027, with contracted income increasing to $170,700 for 2027–2028, the property is leased through May 2028, providing immediate cash flow and income stability, with leases extending through May 2028. With two units renewed at existing rental rates, there is additional potential for future rental growth.Proudly owned and maintained by the same owner for over 32 years, this property has enjoyed a longstanding history of consistent occupancy and dependable rental income. The features include updated kitchens and bathrooms, beautiful hardwood floors, inviting front and rear porches, basement laundry facilities, generous storage space, and off-street tandem parking for at least three vehicles. New windows — 2023 and New Chimney liners.An additional investment advantage is the property's separately metered utilities. Each apartment has separate gas, electric, and water meters, along with individual heating and hot water systems. Tenants pay their own gas and electricity, while water usage is billed by the owner based on individual unit meter readings. This arrangement helps minimize owner-paid operating expenses.The location is truly exceptional—directly across from Tufts University and just a short distance from the Medford/Tufts Green Line station and the Joyce Cummings Center. Nearby university athletic and recreational facilities, vibrant Davis Square, Red Line connections, and convenient access to I-93 and downtown Boston further enhance the property's appeal.An outstanding opportunity to acquire a well-maintained, established investment property combining a premier university location, strong rental history, contracted rental income, and potential for future growth.

This home has been viewed 11 times

Last Checked: October 22nd, 2026 at 8:18am (Source: MLS PIN #73589869)

Gross Income: $167,100

Gross Expenses: $20,262

Net Income Calc: $146,838

Water Views

Annual Expenses for 205 College Ave, Somerville MA 02144

Total Gross Expenses (Calculated)$20,262/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax20262

Annual Income & Unit Breakdown for 205 College Ave, Somerville MA 02144

Total Gross Income (Calculated)$167,100

Unit 1

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor1

Levels in Unit2

Rent Includes

Unit 2

Rental Income$0

LeaseY

Bedrooms4

Bathrooms2 Full

Floor2

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bedrooms3

Bathrooms1 Full

Floor3

Levels in Unit1

Rent Includes

General Information for 205 College Ave, Somerville MA 02144

Listing ID73589869

Property TypeMulti Family / 3 Family

Price2288000 ($697.56/SqFt)

Style3 Family

CitySomerville

CountyMiddlesex

MLS AreaTufts University

Neighborhood(s)

Approximate Living Area Total3280

Approximate Lot Size (Acres)0.08

Total Parking3

Garage Parking0

Year Built1900

Year Built SourcePublic Records

Year Built DetailsApproximate

WaterPublic

SewerPublic Sewer

Electric220 Volts

Hot Water

Roof MaterialAsphalt/fiberglass Shingles

BasementFull

Construction MaterialsFrame

Lot Features

Foundation Description

Accessible Features

Outdoor SpaceCovered

ZoningNR

Water ViewsNo

Water Views Features

Waterfront0

Waterfront Features

Terms

Disclosures for 205 College Ave, Somerville MA 02144

Lead PaintNone

UFFI

Living Area Includes BasementYes

Living Area Disclosure

Building Area SourcePublic Records

ExclusionsAll Tenant Possessions

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Compensation Based On

Financial Information for 205 College Ave, Somerville MA 02144

Real Estate Taxes20262

Tax Year2026

Assessed Value$1,845,400

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 205 College Ave, Somerville MA 02144

Neighborhood(s)

MLS AreaTufts University

Area AmenitiesWalk/jog Trails

Contact Information for 205 College Ave, Somerville MA 02144

Agent

Name: Rajendra Sunuwar

Office

Name: Keller Williams Realty

Phone: 617-969-9000

Payment Calculator

, Interest

Property Taxes 1688.5

Principal & Interest 14097.93

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

Keller Williams Realty

Rajendra Sunuwar

Agent Phone

Office Phone

(617) 969-9000

Text Agent Call Agent Call Office

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    [description] => Exceptional Three-Family Investment Opportunity Directly Across from Tufts University!Ideally situated on highly desirable College Avenue, this well-maintained three-family property offers 11 bedrooms, 5 bathrooms, and an outstanding opportunity to acquire an established income-producing investment property in one of Somerville’s most sought-after rental locations.Currently generating $167,100 in annual rental income for 2026–2027, with contracted income increasing to $170,700 for 2027–2028, the property is leased through May 2028, providing immediate cash flow and income stability, with leases extending through May 2028. With two units renewed at existing rental rates, there is additional potential for future rental growth.Proudly owned and maintained by the same owner for over 32 years, this property has enjoyed a longstanding history of consistent occupancy and dependable rental income. The features include updated kitchens and bathrooms, beautiful hardwood floors, inviting front and rear porches, basement laundry facilities, generous storage space, and off-street tandem parking for at least three vehicles. New windows — 2023 and New Chimney liners.An additional investment advantage is the property's separately metered utilities. Each apartment has separate gas, electric, and water meters, along with individual heating and hot water systems. Tenants pay their own gas and electricity, while water usage is billed by the owner based on individual unit meter readings. This arrangement helps minimize owner-paid operating expenses.The location is truly exceptional—directly across from Tufts University and just a short distance from the Medford/Tufts Green Line station and the Joyce Cummings Center. Nearby university athletic and recreational facilities, vibrant Davis Square, Red Line connections, and convenient access to I-93 and downtown Boston further enhance the property's appeal.An outstanding opportunity to acquire a well-maintained, established investment property combining a premier university location, strong rental history, contracted rental income, and potential for future growth.
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EXIT

36 More Photos

Active Under Contract

205 College Ave, Somerville MA 02144

$2,288,000

Annual Expenses for 205 College Ave, Somerville MA 02144

Annual Income & Unit Breakdown for 205 College Ave, Somerville MA 02144

General Information for 205 College Ave, Somerville MA 02144

Disclosures for 205 College Ave, Somerville MA 02144

Financial Information for 205 College Ave, Somerville MA 02144

Location Information for 205 College Ave, Somerville MA 02144

Contact Information for 205 College Ave, Somerville MA 02144

Agent

Office

Payment Calculator

Exclusive Listing Agent

Keller Williams Realty

Rajendra Sunuwar